Workers at grocery delivery company Dingdong pack up vegetables for orders the company claims customers can receive in about 30 minutes. Dingdong BEIJING — Chinese grocery delivery company Dingdong closed 2 cents higher in its U.S. IPO Tuesday, following a 70% cut in the offering size. The lackluster performance comes amid a surge in Chinese
Finance
In this article A trader works on the New York Stock Exchange on March 3, 2020. Michael Nagle | Xinhua via Getty U.S. stock futures were little changed on Tuesday night as the market gets set to close out a winning first half of 2021 and second quarter. Futures on the Dow Jones Industrial Average
Take a look at some of the biggest movers in the premarket: Big banks – Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), JPMorgan Chase (JPM) and Wells Fargo (WFC) all announced dividend increases after passing the Fed’s latest stress tests. Morgan Stanley and Wells Fargo both doubled their dividends, while Citigroup (C)
A longtime market bull sees an under-the-radar trend that should calm runaway inflation fears, and it has nothing to do with Federal Reserve policy. According to The Leuthold Group’s Jim Paulsen, private money coming from individuals and companies has been acting as a “very encouraging” market mechanism to help curb inflation. “We make decisions about
U.S. stock index futures were little changed during overnight trading on Monday, after the S&P 500 and Nasdaq Composite closed at record highs. Futures contracts tied to the Dow Jones Industrial Average were flat. S&P 500 futures were also flat, while Nasdaq 100 futures dipped 0.1%. Stocks rose to new highs during regular trading on
In this article UBSG-CH FABRICE COFFRINI | AFP | Getty Images UBS is planning to let up to two-thirds of its employees permanently combine working remotely with being in the office, in stark contrast to some Wall Street banks. A spokesperson for the Swiss investment bank said it was “committed to offering our employees the
In this article @ND.1 @DJ.1 @SP.1 A man walks past the charging bull statue near the New York Stock Exchange. Mandel Ngan | AFP | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Sunday evening after the S&P 500 notched its best week since
Wilmington Trust’s Meghan Shue is opening her playbook for the year’s second half — which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors financials, energy, commodities, materials and industrials. “We see the economic recovery continuing and being a tailwind for stocks,” the firm’s head of investment strategy told CNBC’s “Trading Nation”
In this article BYND MGM KBH MGNI DRI People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020. Joe Buglewicz | Bloomberg via Getty Images Ad tech stocks — The digital advertising industry saw stocks surge Thursday after Google pushed back its timeline
In this article JPM WFC GS BAC NKE FDX The Nike logo is seen on the Nike store on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Check out the companies making headlines after the bell: Nike —Shares of the shoe giant popped about 5% in extended trading
U.S. stock futures rose in overnight trading on Thursday after the S&P 500 closed at a record. Dow futures rose about 100 points. S&P 500 futures gained 0.1%, and Nasdaq 100 futures were flat. Nike‘s stock rose nearly 5% in extended trading after the company reported earnings of 93 cents per share, outpacing a Refinitiv
In this article TSLA TWTR Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tech billionaires Elon Musk and Jack Dorsey have agreed to discuss bitcoin with each other at an event in July. In a bizarre Twitter thread,
Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared more than 36% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its
Football fans watch UEFA Euro 2020 Championship Group A match between Wales and Switzerland at a pub on June 12, 2021 in Shanghai, China. Chen Yuyu | Visual China Group | Getty Images BEIJING — After home appliance company Hisense became the first Chinese sponsor for the UEFA European soccer championship in 2016, three other
Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, October 18, 2018. Brendan McDermid | Reuters The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of
In this article SPCX Andreessen Horowitz partner Marc Andreessen Justin Sullivan | Getty Images Andreessen Horowitz is launching a multibillion-dollar fund to invest in a volatile ecosystem it’s betting will be as influential as the internet. The Silicon Valley venture capital firm, founded by Marc Andreessen and Ben Horowitz, announced its new $2.2 billion cryptocurrency-focused
He predicted tech’s recent comeback, and now Oppenheimer Asset Management’s John Stoltzfus believes Wall Street can avoid an unnerving summer setback. He attributes tech’s latest outperformance as a key reason why it could be a positive summer for investors. “That might be possible,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. “Fundamentals
General view of the NFL Shield logo on the field before Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs at Raymond James Stadium. Kim Klement | USA TODAY Sports | Reuters The NFL said Wednesday it is exploring strategic options, including selling stakes, for its NFL Media properties, including NFL
Take a look at some of the biggest movers in the premarket: GlaxoSmithKline (GSK) – The drugmaker’s stock rose 3.5% in the premarket after it detailed plans to spin out its consumer health-care business into a separate company. Glaxo will eventually receive an $11 billion payment from the new company. MicroStrategy (MSTR) – MicroStrategy rallied